The newly launched corporate digital identity in Singapore, Corporate Pass or CorpPass is a revolutionary system that aims to change the way companies handle digital transactions with the government. With the CorpPass, a business organisation no longer needs to use their own SingPass account in order to perform transactions such as applying for trade licenses and business grants. It becomes simpler to separate the personal transactions from the corporate ones. Here are a few pieces of important information about the CorpPass.
Modern businesses vouch for incorporation of foolproof identity access management (IAM) system. Businesses in Singapore favor IAM implementation so that sensitive data and information aren’t stolen through hacking or data theft. Implementation of identity access management is extremely challenging; however, companies have to address and overcome them by framing a robust policy.
Before we take a detailed look at the issues surrounding identity and access management (IAM), let us first understand what it is. This is a highly technical issue. However, it can ordinarily be defined as a computerized security discipline, which is structured to offer access to confidential resources to appropriate personnel at suitable times, for official or business purposes. There are a number of reasons to use a foolproof identity and access management system. Let us discuss at least 5 of them.
Users may have heard about CorpPass or Singapore Corporate Pass, but have no clear idea what it is. CorpPass is an electronic identity for different types of non-profit associations and business houses. It helps organisations to conduct online transactions with the Singapore government.